Thailand’s Finance Minister Resigns Less Than Month Into Job
- Predee’s resignation comes amid nation’s worst economic crisis
- Outgoing central bank governor among two candidates: report
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Thailand’s finance minister resigned less than a month after he took office, injecting more uncertainty into an economy already reeling from its worst crisis in decades. The nation’s currency tumbled the most since July.
The resignation of Predee Daochai, a former co-president of Kasikornbank Pcl, will be effective from Wednesday, according to a Royal Gazette announcement Tuesday. Predee, 61, was named as the new finance minister on Aug. 6 and joined Prime Minister Prayuth Chan-Ocha’s Cabinet on Aug. 12.